Cornerstone Investment Partners LLC lessened its holdings in Citigroup Inc (NYSE:C) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,276,188 shares of the financial services provider’s stock after selling 1,898 shares during the period. Citigroup comprises 3.8% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Cornerstone Investment Partners LLC’s holdings in Citigroup were worth $91,554,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Reilly Financial Advisors LLC grew its position in shares of Citigroup by 1.9% during the 3rd quarter. Reilly Financial Advisors LLC now owns 149,386 shares of the financial services provider’s stock valued at $10,717,000 after acquiring an additional 2,786 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Citigroup by 10.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 640,897 shares of the financial services provider’s stock valued at $8,500,000 after acquiring an additional 59,846 shares during the period. American Financial Network Advisory Services LLC grew its position in shares of Citigroup by 13,580.0% during the 3rd quarter. American Financial Network Advisory Services LLC now owns 17,784 shares of the financial services provider’s stock valued at $1,276,000 after acquiring an additional 17,654 shares during the period. Greystone Investment Management LLC grew its position in shares of Citigroup by 10.5% during the 3rd quarter. Greystone Investment Management LLC now owns 120,889 shares of the financial services provider’s stock valued at $8,673,000 after acquiring an additional 11,480 shares during the period. Finally, Legacy Advisors LLC grew its position in shares of Citigroup by 253.2% during the 3rd quarter. Legacy Advisors LLC now owns 6,068 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 4,350 shares during the period. Institutional investors own 74.88% of the company’s stock.

C opened at $68.86 on Friday. The company has a market capitalization of $179.49 billion, a P/E ratio of 12.92, a price-to-earnings-growth ratio of 0.92 and a beta of 1.46. Citigroup Inc has a 12 month low of $64.38 and a 12 month high of $80.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32.

Citigroup (NYSE:C) last announced its quarterly earnings results on Friday, October 12th. The financial services provider reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.07. Citigroup had a negative net margin of 4.81% and a positive return on equity of 9.42%. The firm had revenue of $18.39 billion during the quarter, compared to the consensus estimate of $18.43 billion. During the same period last year, the firm earned $1.42 EPS. On average, equities analysts expect that Citigroup Inc will post 6.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, November 2nd. Citigroup’s payout ratio is 33.77%.

In other Citigroup news, CEO Francisco Aristeguieta sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $72.36, for a total value of $1,085,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.

A number of research analysts have recently weighed in on C shares. Wolfe Research started coverage on shares of Citigroup in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. Wells Fargo & Co set a $100.00 target price on shares of Citigroup and gave the company a “buy” rating in a research report on Monday, August 27th. Deutsche Bank increased their target price on shares of Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, September 27th. TheStreet raised shares of Citigroup from a “c” rating to a “b-” rating in a research report on Monday, July 30th. Finally, ValuEngine raised shares of Citigroup from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $82.91.

Citigroup Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.

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Institutional Ownership by Quarter for Citigroup (NYSE:C)

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